Kelleher Financial Advisors Purchases 1,254 Shares of SLR Investment Corp. (NASDAQ:SLRC)

Kelleher Financial Advisors raised its holdings in shares of SLR Investment Corp. (NASDAQ:SLRC) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,914 shares of the financial services provider’s stock after buying an additional 1,254 shares during the period. Kelleher Financial Advisors’ holdings in SLR Investment were worth $257,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SLRC. HB Wealth Management LLC purchased a new stake in shares of SLR Investment in the fourth quarter valued at approximately $243,000. Westend Capital Management LLC boosted its holdings in shares of SLR Investment by 71.3% in the fourth quarter. Westend Capital Management LLC now owns 7,406 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 3,082 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of SLR Investment in the fourth quarter valued at approximately $3,895,000. Hennion & Walsh Asset Management Inc. raised its stake in SLR Investment by 36.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 155,666 shares of the financial services provider’s stock worth $2,516,000 after buying an additional 41,773 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of SLR Investment by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,336,411 shares of the financial services provider’s stock worth $20,113,000 after purchasing an additional 4,510 shares in the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on SLR Investment from $12.50 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, SLR Investment has an average rating of “Hold” and an average target price of $15.25.

SLR Investment Trading Down 0.6 %

Shares of SLR Investment stock opened at $16.73 on Thursday. The firm has a market capitalization of $912.79 million, a PE ratio of 9.45 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. SLR Investment Corp. has a twelve month low of $14.41 and a twelve month high of $16.91. The firm’s 50-day moving average price is $16.44 and its 200 day moving average price is $15.80.

SLR Investment (NASDAQ:SLRC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $59.77 million during the quarter, compared to the consensus estimate of $58.48 million. SLR Investment had a net margin of 40.89% and a return on equity of 9.73%. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, sell-side analysts predict that SLR Investment Corp. will post 1.76 EPS for the current fiscal year.

SLR Investment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.80%. SLR Investment’s dividend payout ratio is currently 92.66%.

SLR Investment Profile

SLR Investment Corp. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, leveraged buyouts, acquisitions, recapitalizations, general refinancing, growth capital and strategic income-oriented control equity investments in leveraged middle market companies.